Empirical Studies Of Income And The Volatility Of The Futures Market In China

Our future market is growing, I use the old certain models to give a completely empirical examination in our future market and foreign one. I found out recessive cause about juvenility through comparing civil future market and foreign one. In order to explore the further reason , I modified the old model and give another completely empirical examination . The result is that future return has relation with future daily index . The volume can aggravate volatility of future markets . while open interest decrease the volatility of future market. When volume and open interest are partitioned into expected and unexpected components . The unexpected component has a larger effect on volatility than expected components. Later according the former conclusion and new result from this thesis I pointed out the main problems in our future marked and gave them concrete advice...